Tuesday, June 16, 2026

Chinese Finance and Critical Mineral Access in Africa

 Boston University's Global Development Policy Center published in June 2026 a paper titled "Development Quid Pro Quo: Chinese Finance and Critical Mineral Access in Africa" by Congyi Dai.

The paper explores whether China's development finance agenda is motivated by its global quest for natural resources, facilitating mine acquisitions in Africa.  It uses four data sources to examine whether Chinese development finance is tied to the pursuit of critical minerals.

The paper concludes that minerals needed for clean energy technologies such as copper, cobalt, nickel, and platinum group metals are associated with Chinese loan commitments to recipient countries.  Specifically, uranium is the mineral most strongly linked to Chinese development projects, particularly those including a substantial grant component and highly concessional repayment terms.